Investment Property Statistics: USA 2016

What happened to the real estate businesses in 2016? Most of us have seen a period of rough 12 months in real estate investing. If you’re looking for a quick look on the investment property statistics for the past year, then you’ve hit the right spot. Below, are the most important statistics in 2016 that you need to know about as a real estate property investor.

The annual rate of new home construction was 1.163 million compared to 1.108 million in 2015, despite the fact that builders mostly backed away from new projects in November, 2016.

Some of the top notch economic cities like New York and San Francisco have seen a property values rise as a flood of workers moved to those urban areas. However, as construction is unable to keep meeting the high demands, younger workers are now more interested in medium sized cities.

Just like their parents before them, the millennial parents began moving to the suburbs!

Thanks to the above trend, the suburbs are really trending now (the fact that constructions rates able to keep up with the demand in cities is also feeding this trend).

Speaking of parents, investors with children are on the peak! They’re flood the real estate market.

Urban agriculture increased! You can probably notice this yourself as you see more garden rooftops and creative urban farming ideas.

Thanks to new “urban villages,” townhouses are trending.

Good properties are going really quick! They’re being sold within 4 weeks/30 days of being listed.

Starter homes are being sold the fastest.

A Final Word…

The investment property statistics provided above can help you understand how the past year went for the real estate business. Perhaps it’s been a tough 12 months for the overall market, but with the knowledge of what the trends are, you’ll be able to predict where you will succeed.